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Cable Update (GBPUSD)

  • #581,801
  • Mar 3, 2021 9:58am Mar 3, 2021 9:58am
Theres my lovely bulls

Going to hold this past 1.40 I think
  • #581,802
  • Mar 3, 2021 9:58am Mar 3, 2021 9:58am
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yes yes yes
  • #581,803
  • Mar 3, 2021 9:59am Mar 3, 2021 9:59am
Quoting mysterio
Hmm oh well. I actually see that as a retest of the wedge on dxy. I bought 1.3920 as I still think cable has to go up a bit. Stop to BE asap as usual. {image} {image}
congrats.
very nice entry!
If you don't know how to earn money, don't loose it.
  • #581,804
  • Mar 3, 2021 10:02am Mar 3, 2021 10:02am
Quoting coolmakina
{quote} congrats. very nice entry!
Cheers, tbh it was right after a 15 pip loss though, I had to think quick !!

Screw it, took 60 pips/6xR

May re-enter lower
  • #581,805
  • Mar 3, 2021 10:02am Mar 3, 2021 10:02am
crooky gold
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yes yes yes
  • #581,806
  • Mar 3, 2021 10:06am Mar 3, 2021 10:06am
Quoting mysterio
{quote} Cheers, tbh it was right after a 15 pip loss though, I had to think quick !!
i set my SL and turn my back to have a smoke and i miss the up move!
well, the day was done anyway, just miss the opportunity! is always better than a loss.
You did quite well! Keep them coming!
Stay cool.
If you don't know how to earn money, don't loose it.
  • #581,807
  • Mar 3, 2021 10:08am Mar 3, 2021 10:08am
Quoting Bacco
pending short 3950 for 100
same train. Let's see if it can get it down in 3 hours. Otherwise I'd probably cut profits/losses.
A trader is as good as his stop loss. Understand your mistakes.
  • #581,808
  • Mar 3, 2021 10:10am Mar 3, 2021 10:10am
...just back @ desk updating charts...nice run-up resulting in 1hr hammer candle....1hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #581,809
  • Mar 3, 2021 10:10am Mar 3, 2021 10:10am
Quoting Sang.Real
{quote} GU Patience Spike ( Fake out) to take out SL and pick liquidity. Scalping still on going {image}

GU

continue scalping again

previous position closed at Support zone.
Attached Image (click to enlarge)
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  • #581,810
  • Mar 3, 2021 10:16am Mar 3, 2021 10:16am
come on , break it up
Attached Image (click to enlarge)
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yes yes yes
  • #581,811
  • Mar 3, 2021 10:19am Mar 3, 2021 10:19am
Quoting coolmakina
{quote} i set my SL and turn my back to have a smoke and i miss the up move! well, the day was done anyway, just miss the opportunity! is always better than a loss. You did quite well! Keep them coming! Stay cool.
Cheers! I'm focussing a lot more on cable these days, I was exclusively Euro before but this is giving better paydays.

I'm interested in buying the next dip in cable up to 1.4050ish

Maybe dxy will go to retest pivot then drop again
  • #581,812
  • Mar 3, 2021 10:23am Mar 3, 2021 10:23am
https://www.mql5.com/en/charts/13551...-group-limited
  • #581,813
  • Edited 10:39am Mar 3, 2021 10:23am | Edited 10:39am
Quoting Sang.Real
{quote} GU continue scalping again previous position closed at Support zone. {image}
for educational purposes...whatever happens to that trade - I think it was a bad entry as no obvious potential resistance, only a 5/15min prev sw hi...not 30min +, preferably 1hr+ (ie for trading against a move I like to see a 1hr (+) prev sw hi or lo or at the very minimum 30min) ...also the 1st PPA (potential problem area) was too near - ie the prev 30min swing hi = prev res = potential rbs. Just an opinion. G/L with it though - hope it works out for you, but so far a shallow p/back has taken a bounce off the prev 30min sw hi = pot rbs.
Trader with an Edge.
  • #581,814
  • Mar 3, 2021 10:26am Mar 3, 2021 10:26am
longs , probably price test liquidity around 1.40
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The only constant is change
  • #581,815
  • Mar 3, 2021 10:32am Mar 3, 2021 10:32am
Price enters bottom of the prev 1hr/minor 4hr sw hi zone =prev res = pot res to today's current 4006 hi . That desc 4hr t/line is close. 1hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #581,816
  • Mar 3, 2021 10:39am Mar 3, 2021 10:39am
Quoting Student21
{quote} same train. Let's see if it can get it down in 3 hours. Otherwise I'd probably cut profits/losses.
im out already. 20 pips loss. i had to wait for the 1h candle to close, which i didnt and it spiked up. short wasnt good anymore.
Twitter: Rummer_grapes
  • #581,817
  • Mar 3, 2021 10:41am Mar 3, 2021 10:41am
Congrats! Very nicely timed and reasoned entry! Cable has frustrated me out today so I just went to play basketball with my son while all this nice bull-action took place.

Reverse-trading these long candles can go wrong as well, but this time PA supported reversal quite well.

Quoting mysterio
{quote} Cheers! I'm focussing a lot more on cable these days, I was exclusively Euro before but this is giving better paydays. I'm interested in buying the next dip in cable up to 1.4050ish Maybe dxy will go to retest pivot then drop again
  • #581,818
  • Mar 3, 2021 10:49am Mar 3, 2021 10:49am
..price has mainly been in 1hr channel below for 24hrs with 3 false b/o's so far...will this upside b/o be true ?
Attached Image (click to enlarge)
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Trader with an Edge.
  • #581,819
  • Mar 3, 2021 10:53am Mar 3, 2021 10:53am
Quoting Headland
..price has mainly been in 1hr channel below for 24hrs with 3 false b/o's so far...will this upside b/o be true ? {image}
I think so, loading up the buys for the next dip, possibly 1.3950ish
  • #581,820
  • Mar 3, 2021 10:55am Mar 3, 2021 10:55am
Quoting Headland
{quote} for educational purposes...whatever happens to that trade - I think it was a bad entry as no obvious potential resistance, only a 5/15min prev sw hi...not 30min +, preferably 1hr+ (ie for trading against a move I like to see a 1hr (+) prev sw hi or lo or at the very minimum 30min) ...also the 1st PPA (potential problem area) was too near - ie the prev 30min swing hi = prev res = potential rbs. Just an opinion. G/L with it though - hope it works out for you, but so far a shallow p/back has taken a bounce off the prev 30min sw hi = pot rbs....
he had the resistance area well identified for a possible short entry.
i think he just shoot a bit earlier.
+30 min and the entry would be with 0 drawdown atm.
but he is a newbie().
Stay cool.
If you don't know how to earn money, don't loose it.
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